Japan Tax Reform Package to Include 1.23-M.-Yen Threshold
Tokyo, Dec. 18 (Jiji Press)--Japan's upcoming fiscal 2025 tax system reform package is seen including a proposed hike in the income tax threshold from the current 1.03 million yen per year to 1.23 million yen, sources said Wednesday.
The package will be adopted as early as Friday.
The ruling Liberal Democratic Party and its coalition partner, Komeito, proposed to the Democratic Party for the People the idea of raising the threshold to 1.23 million yen, although the opposition party seeks a hike to 1.78 million yen.
The DPFP broke off tax talks with the LDP-Komeito coalition Tuesday, complaining that the ruling pair made no fresh proposal on the tax threshold issue.
"It's surprising, rather than disappointing," that the government and the ruling camp are seen deciding on the hike to 1.23 million yen, DPFP leader Yuichiro Tamaki said Wednesday, indicating that his party may vote against the upcoming draft budget for fiscal 2025.
(2024/12/18-23:55)
To read a full story, please click here to find out how to subscribe.
NATION
-
12/23 15:23 Japanese Princess Aiko Diagnosed with Influenza -
12/23 14:33 Victims Mourned ahead of Haneda Collision 1st Anniversary - 12/23 10:38 Vietnam's 1st Subway Opens with Japan's Aid
- 12/23 00:32 Japanese Emperor Emeritus Akihito Turns 91
- 12/22 20:02 (Update) Japan to Issue Cease-and-Desist Order against Google
- 12/22 18:45 Japan's FTC to Issue Cease-and-Desist Order against Google
- 12/22 18:15 Okinawa People Stage Rally against Sexual Assaults by U.S. Servicemen
- 12/22 13:02 Fukushima Startup Aiming to Launch Rocket from Flying Balloon
- 12/21 22:52 Japan's SDF to Resume Osprey Flights
- 12/21 13:54 Japan, South Korea Agree to Beef Up Economic Ties
- 12/21 13:26 Japan to Continue to Support N-Plant Project in Vietnam
- 12/20 23:31 Japan to Cut Official Prices for Half of Drugs
- 12/20 23:17 Noted Japanese Architect Taniguchi Dies at 87
- 12/20 22:51 Japan to Discuss Retrial System Review
- 12/20 22:51 Japan Ready to Improve Working Conditions for SDF Members
- 12/20 21:58 Japan to Oblige Lawmakers to Disclose Allowance Uses
- 12/20 21:26 Ukrainian Chamber of Commerce in Japan Kicks Off
- 12/20 21:15 Japan Diet to Be Extended to Tues. for Political Reform Bills
- 12/20 20:11 Japan Defers Decision on Planned Hokuriku Shinkansen Route
- 12/20 19:38 Narita Int'l Passengers Seen Up 14 Pct for New Year's Holidays
- 12/20 19:25 Record 320 School Staff Punished for Sex Offenses in Japan
- 12/20 19:05 Diverting Foreigners to Regional Areas Key to Japan as Tourism Nation
- 12/20 18:50 U.S. Stronger in Indo-Pacific than 4 Years Ago: Official
- 12/20 17:50 (Update) Record 78 Pct in Japan Feel Anxious: Govt Survey
- 12/20 17:33 Record 78 Pct in Japan Feel Anxious: Govt Survey
- 12/20 17:03 Japan Ruling Bloc Adopts FY 2025 Tax System Reform Package
- 12/20 15:09 Japan Inspects U.S. Yokota Base over Suspected PFAS Leak
- 12/20 14:57 Japan's Ruling Camp, DPFP Agree to Continue Income Tax Talks
- 12/20 13:55 Japan Improves Public Relations for Nankai Trough Megaquake Alert
- 12/20 11:29 Penal Code Offenders in Japan Rise for 1st Time in 19 Years
- 12/20 10:57 Japan's Consumer Inflation Rises to 2.7 Pct in Nov.
- 12/19 23:52 (Update 2) Couple Stabbed to Death near Tokyo
- 12/19 22:19 IOC Pres. Candidate Watanabe Vows 5-Continent Olympics
- 12/19 21:29 Japan Ordinary Diet Session Likely to Begin Jan. 24
- 12/19 21:29 (Update 2) Man Arrested over High-Profile Stabbing in Fukuoka
- 12/19 20:39 Japan Ruling Bloc OKs 1.23-M.-Yen Income Tax Threshold
- 12/19 19:46 Ishiba May Visit U.S. in Mid-Jan. for Talks with Trump
- 12/19 19:06 Japan FY 2025 Draft Budget Seen Exceeding 113 T. Yen
- 12/19 19:05 Late Tsuneo Watanabe Wielded Huge Influence over Baseball World
- 12/19 19:05 Ride-Hailing Restrictions to Be Eased during 2025 Osaka Expo
- 12/19 18:08 (Update) Yen Plunges as BOJ Signals Dovish Stance
- 12/19 17:27 Yen Plunges as BOJ Signals Dovish Stance
- 12/19 16:32 Japan, S. Korea PMs Affirm Cooperation over N. Korea
- 12/19 14:14 (Update) BOJ Puts Off Additional Rate Hike
- 12/19 14:05 Man Arrested over High-Profile Stabbing Case in Japan's Fukuoka
- 12/19 12:28 (Update) Couple Stabbed to Death near Tokyo
- 12/19 12:18 Yomiuri Shimbun Group Head Tsuneo Watanabe Dies at 98
- 12/19 12:13 Yen Falls past 155 per Dollar after BOJ Skips Rate Hike
- 12/19 12:03 Japan to Restrict Malicious Host Club Practices
- 12/19 12:02 BOJ Keeps Monetary Policy Unchanged
- 12/19 10:30 Santa Project to Deliver Donated Books to Children in Noto
- 12/19 08:50 2 People Stabbed to Death near Tokyo
- 12/18 23:55 Japan Tax Reform Package to Include 1.23-M.-Yen Threshold
- 12/18 22:48 LDP Hagiuda's Office Got Instruction on Kickbacks in 2004
- 12/18 21:15 (Update) Visitors to Japan Already Top Annual Record High in Jan.-Nov.
- 12/18 19:39 Komeito Chief Seeks Dual-Surname Talks with LDP
- 12/18 18:15 Tokyo Court Fines Event Firm for Bid-Rigging over Tokyo Games
- 12/18 18:12 Visitors to Japan in Jan.-Nov. Top Record Annual High
- 12/18 17:43 Hidankyo Members Make Nobel Visit to Hiroshima Cenotaph
- 12/18 17:11 (Update) Japan's Space One Fails Again in Rocket Launch
- 12/18 16:22 Guilty Sentence for Ex-Lawmaker Akimoto to Become Final
- 12/18 16:07 Osaka High Court Denies Govt Liability for Nuclear Evacuations
- 12/18 13:53 Japan Household Financial Assets Post 1st Fall in 8 Quarters
- 12/18 13:26 Japan Incurs Trade Deficit of 117.6 B. Yen in November
- 12/18 12:57 U.N. General Assembly Condemns N. Korea's Human Rights Abuses
- 12/18 12:43 Japan's Space One Fails Again in Rocket Launch
- 12/18 08:55 Another Japanese National Detained in Belarus
- 12/17 23:55 Denmark Decides Not to Extradite Antiwhaling Activist Watson
- 12/17 23:10 (Update) Emperor, Empress Mourn Flood Victims in Wajima
- 12/17 22:35 Japan Rushing to Arrange Ishiba's U.S. Visit
- 12/17 21:42 Ukraine Concerned over Japanese Parts in Russian Weapons
- 12/17 21:18 DPFP Axes Talks with Ruling Bloc on Annual Income Barrier
- 12/17 20:35 French Pacific Cmdr. Seeks Cooperation with Japan
- 12/17 20:13 China Boosting Influence over Global South: Japan Report
- 12/17 19:46 Diet Panel Begins Hearings for LDP Members over Money Scandal
- 12/17 19:10 Emperor, Empress Mourn Flood Victims in Wajima
- 12/17 18:32 Japan Lower House OKs Political Reform Bills
- 12/17 18:19 (Update) LDP, CDP Execs Agree to Extend Diet Session until Dec. 24
- 12/17 17:46 Japan Enacts 13.9-T.-Yen Extra Budget
- 12/17 17:15 Victims Mourned 3 Years after Osaka Arson Attack
- 12/17 15:33 LDP, CDP Execs Agree to Extend Diet Session to Dec. 24
- 12/17 14:50 Japan to Arrange Ishiba-Trump Meeting at Convenient Time
- 12/17 14:30 Japan Draws Up Emergency Measures against "Dark" Part-Time Jobs
- 12/17 14:00 (Update 2) Nippon Life Chairman Tsutsui to Become Keidanren Chief
- 12/17 13:50 Japan Vows to Use as Much Renewable, Nuclear Energy as Possible
- 12/17 13:17 Japan to Set up Expert Panel on New Foreign Worker System
- 12/17 12:09 Trump Nominates George Glass as Ambassador to Japan
- 12/17 10:30 Japan Sake Brewery to Make Foray into Indian Market
- 12/17 10:08 Trump Says Meeting with Ishiba Possible before Inauguration
- 12/17 08:59 Nippon Life Chairman Tsutsui to Become Keidanren Chief
- 12/16 23:58 Japan, Others Condemn N. Korea-Russia Military Cooperation
- 12/16 23:38 Japan LDP, CDP Agree to Decide on Corporate Donations by March
- 12/16 22:47 Japan to Aim for 60 Pct Food Loss Cut for Businesses by 2030
- 12/16 22:24 (Update) Nuclear Power Estimated to Cost Less than Thermal Power in FY 2040
- 12/16 22:01 LDP Forgoes Seeking Election Poster Curbs This Diet Session
- 12/16 20:37 Japan Labor Productivity Rises to 29th among OECD Countries
- 12/16 20:06 PM Ishiba Calls Minimum Taxable Income Hike Necessary
- 12/16 19:19 Seagrass Bed Restoration Work Spreading in Japan's Miyagi
- 12/16 19:00 (Update) MUFG Bank Head Apologizes for Safe Deposit Thefts by Ex-Employee
- 12/16 18:53 Fences Added at Mt. Fuji Photo Spot to Fight Overtourism
- 12/16 18:19 Japan's Space One to Launch Kairos No. 2 Rocket Wed.
- 12/16 18:00 Emperor, Empress to Attend Hanshin Quake Memorial on 30th Anniv.
- 12/16 17:54 DPFP Tax Chief Hints at Termination of Talks with Ruling Bloc
- 12/16 10:29 Japan Core Machinery Orders Up 2.1 Pct in October
